tsla

Crypto Stock With Support in Place

RIOT is up almost 190% since the start of the year

Deputy Editor
Nov 14, 2023 at 1:46 PM
facebook X logo linkedin


Riot Platforms Inc (NASDAQ:RIOT) is taking a small breather on the charts after running up to the $12 level for the second time this month, though a consistent floor at the $9 level lingers below as support. Now on track for its fourth day of losses in the last five, the equity is still outperforming with an 188.2% year-to-date lead. 

Plus, this most recent pullback has RIOT within striking distance of a historically bullish signal. The stock is now within one standard deviation of its 260-day moving average for the third time in the past three years. According to data from Schaeffer's Senior Quantitative Analyst Rocky White, RIOT was higher one month later after both of the past signals, averaging an 8.3% return. 

RIOT Nov14

An unwinding of short interest could create additional tailwinds. The 36.49 million shares sold short account for 18.6% of the stock's available float, leaving plenty of pent-up buying power. 

 

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.